Scope & Range of Services

Gregory G. Wimmer, CLU, ChFC, CSSC

This 35 year veteran of the life, health and annuity business has been engaged in 23 states in both and state and federal courts since 2003.  He brings a seasoned and well founded depth of experience in expert life underwriting, claims, expert annuity and life policy analysis, agent and agency standards of practice and life and health insurance company operations.  He brings an expert knowledge of all aspects of the industry through having been an agent, supervisor, General Agent, agency owner and President.   Mr. Wimmer will bring his expert experience to your case and make seemingly complex topics easily understood and communicated.

Cases have included expert life underwriting, claims, disability income, agent and agency practices, annuity suitability, elder cases, group health and group life, company practices and expert work on contestable claims among many other topics.

AREAS OF EXPERTISE:           

EDUCATION:                                        Bachelor of Arts:  Political Science-1973
                                                                  Texas Tech University

PROFESSIONAL EDUCATION:        Chartered Life Underwriter-American College, Bryn Mawr, PA-1978
                                                                 Chartered Financial Consultant- American College, Bryn Mawr, PA-1983
                                                                  Certified Structured Settlement Consultant-University of Notre Dame-1996
                                                                  Series 7 Securities Licensed (Formerly)

EXPERIENCE/PROFILE:

Began career in 1973 with major life insurance company as agent in Fort Worth, Texas.  Quickly progressed through the ranks to become youngest General Agent in the company in 1982.   Position responsible for all company operations in largest geographic agency in company, including underwriting, claims, agent and broker hiring and training, compliance, agent practices and company operations.  Agency provided life insurance, disability income, retirement plans, securities and health insurance to individuals and businesses.

Entered structured settlement business in 1987 and founded structured settlement firm in 1989.  Have been involved in over 1500 settlements in Texas and southwest.  Have spoken before trial lawyer groups in three states and been guest lecturer for personal financial planning course.  Wrote an approved continuing education course for adjusters in Texas.

Been engaged as an expert and litigation consultant in cases involving underwriting, claims, agent practices, health insurance underwriting, ERISA Welfare Benefit Plans, agent training, compliance and suitability and annuities.

GEOGRAPHIC LIMITATIONS:            No Limitations

CURRICULUM VITAE

WORK EXPERIENCE  2003-Current

Litigation Consultant and Expert since 2003.  Has been recommended and engaged in cases involving life and health underwriting, claims practices and procedures, agent standards and practices, ERISA plans, life insurance, annuities, both fixed and variable, disability income insurance, dental and group life and health insurance and cases involving securities sales. Has appeared in both federal and state courts as an expert. 

Mr. Wimmer brings a vast reservoir of experience in the life and health insurance industry.  In past years his duties included training agency and sales force personnel on all aspects of proper life underwriting procedures, agent and broker practices and claims procedures.   He has also been highly involved in training agency sales forces in the proper conduct and role of the agent or broker in relation to the company and the client.

He has acted as the primary liaison between the field and the home office underwriting department.  He has been involved at some level in the underwriting and issuing of thousands of individual life insurance, disability income and annuity policies.  By education and the experience gleaned over a career spanning 33 years he is well qualified in agent and company standards and practices, underwriting, claims, and many other areas of the life and health insurance industry.

WORK EXPERIENCE  1987-2005

Since 1987, Mr. Wimmer has been actively involved in the structured settlement business.  During this time he has acted as President of a structured settlement firm, a broker, a settlement consultant and expert witness.

His work in this area included the negotiation and placement of structured settlement annuities and consultations with defendants, their insurers as well as plaintiffs and their attorneys as to the financial efficiency and appropriateness of structured settlements.  He has also worked extensively with the Ad Litem community throughout Texas to establish court approved benefit packages for minor and incompetent claimants.

He has been retained to preserve or increase benefits through 468B Qualified Settlement Funds, Medical Set Aside Trusts, Medical Reversionary Trusts, Section 142 Trusts, Special Needs Trusts and Settlement Preservation Trusts.

In addition, he was as an expert witness in the area of structured settlements, the design and pricing of specific benefit packages, the tax ramifications of periodic payments plans as outlined in the Internal Revenue Code and the projection of future costs for education or health care needs.  He has also developed periodic payment plans for civil rights, sexual and age discrimination and employment cases.

WORK EXPERIENCE  1973-1987

Mr. Wimmer entered the life insurance business in 1973 following graduation from college.  After leading the company for first year associates in the Sales and Sales Management Development Program, he quickly advanced through a series of management positions to become the youngest General Agent in the company upon his appointment in 1982. He was responsible for 22 offices located throughout west Texas and New Mexico.

Wimmer hired and trained producers in all aspects of the financial planning process including life and disability insurance, mutual funds, general investments, private placements, tax advantaged investments, group life and health insurance, estate planning, retirement planning and underwriting.   In this capacity he was also responsible the company's overall presence in his territory, including staffing, training, technology, sales practices, claims, licensing, lease negotiations and underwriting.

His efforts resulted in his agency being awarded the Agency Development Award, the second highest management award in the company and earned the National Management Award from the General Agent's and Managers Association.

EDUCATION

Bachelor of Arts:  Political Science-1973
Texas Tech University
Who’s Who in American Colleges and Universities 1972 and 1973
Student Body President-1972-1973

PROFESSIONAL DESIGNATIONS

Chartered Life Underwriter-American College, Bryn Mawr, Pennsylvania-1978
Chartered Financial Consultant- American College, Bryn Mawr, Pennsylvania-1983
Certified Structured Settlement Consultant-University of Notre Dame-1996

PROFESSIONAL ASSOCIATIONS and LICENSURE

National Structured Settlement Trade Association
Licensed Texas General Lines-Life, Health, HMO
Non-resident licenses in various states
Dallas and Fort Worth Claims Associations (Formerly)
Board of Directors of Fort Worth Life Underwriters Association (Formerly)
Licensed Texas Property and Casualty (Formerly)
NYSE/NASD Registered Representative (Series 7) (Formerly)
American Society CLU and ChFC (Formerly)
National General Agents and Managers Association (Formerly)
National Association of Health Underwriters (Formerly)
National Association of Life Underwriters (Formerly)

WRITING/TEACHING/SPEAKING/PROFESSIONAL EDUCATION/CONSULTING

·  Engaged as a litigation consultant and expert witness numerous times since 2003.  Cases range from life insurance underwriting practices, claims practices and procedures, ERISA welfare benefit plans, annuities of all kinds, agent and broker standards and practices, group and individual health insurance plans, disability income and all aspects of life insurance.

·  The Medical Aspects of Claims-The International Claims Association-2005

·  The National Alliance for Insurance Education and Research-Life and Health Institute-2004

·  Life and Health Claim Administration-The International Claims Association-2004

 ·  Attended as an exhibitor and spoke to attendees at Arkansas Trial Lawyers Association seminar in Fayetteville, AR regarding structured settlements in March 2003

·  Wrote Continuing Education Course “Using Structured Settlements Effectively”.  Approved for 2 hours of CE credit by Texas Department of Insurance, 1991 and 1994; first CE course in Structured Settlements in Texas

·  Contributed articles for Settlement Briefs, Quarterly Structured Settlement Newsletter, 1996

·  Wrote manuscript for Continuing Legal Education Seminar sponsored by Professional Education Systems, Inc.; "How to Evaluate and Settle Personal Injury Claims in Oklahoma"; November, 1990; Tulsa and Oklahoma City, Oklahoma

·  Platform Speaker: Seminar on "How to Evaluate and Settle Personal Injury Claims in Oklahoma"; November, 1990; Tulsa and Oklahoma City, Oklahoma

·  Wrote manuscript for Continuing Legal Education Seminar sponsored by Professional Education Systems, Inc.; "How to Evaluate and Settle Personal Injury Claims in New Mexico"; November, 1989; Albuquerque, New Mexico

·  Platform Speaker:  Seminar on "How to Evaluate and Settle Personal Injury Claims in New Mexico"; November, 1989; Albuquerque, New Mexico

·  Wrote and delivered a presentation on the efficient use of structured settlements in the settlement of workers' compensation claims for Travelers Insurance, Dallas, TX, May 2001

·  Instructor:  Financial Planning and Investments; New Mexico Continuing Education for Life Underwriters; 1986 and 1987; Course LH/0671/301285

·  Guest Lecturer:  El Paso Community College; 1984, Course in Personal Financial Planning and Investments

·  Moderated approximately 90 seminars for law firms and insurance companies in Texas, New Mexico and Oklahoma on the value and proper use of structured settlements as a settlement tool and settlement vehicle; 1987 to present

·  Instructor:  Performance Planning System; 1986 and 1987; Introduced concept of money dynamics and financial planning process to 21 offices in Texas and New Mexico

·  Instructor:  Insurance Marketing System; 1977 and 1978, Connecticut Mutual Life Insurance Company and Systema Corporation; Taught course in marketing insurance and investments products to agents and general agents for Connecticut Mutual Life Insurance Company

·  Attended numerous mediations and settlement conferences as a structured settlement consultant